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Allstate ordered to show bonus plans over storm damage claim refusal
[ad_1] 3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the…

Michelle Aliperti joins AXA XL to boost SME cyber insurance capabilities
[ad_1] Move builds on efforts to meet rising digital risk needs [ad_2] Source link

Ardonagh Group launches new division
[ad_1] The launch comes as Ardonagh reported strong financial results for 2024. The company reported adjusted EBITDA of $683.4 million, up 31.2% from a year ago, while reported income rose 24% to $1.98 billion. The company also increased its workforce by nearly 1,700 employees and launched its first graduate scheme. [ad_2] Source link

Distinguished, Johnsonese partner with NITO on insurance for touring artists
[ad_1] The insurance offering is part of Distinguished’s Fine Art & Collectibles program, which includes coverage options for items integral to creative work. The program, developed in collaboration with Johnsonese, is structured to address the specific risk profiles of artists, performers, and the professionals who support them. [ad_2] Source link

Mennonites once again rejected from self-insuring their vehicles in Maine
[ad_1] Foster testified that, following six years of research, he believes only the Mennonite church would qualify under the bill’s conditions. He noted that other states, including Kentucky, have similar allowances in place, although the Maine proposal featured more restrictive requirements. [ad_2] Source link

One year later, Baltimore bridge collapse has lasting impact on insurance market
[ad_1] “Before the collapse, this carrier was willing to take on significant portions of coverage, sometimes assuming 40-60% of a placement on a quota-share basis,” he told Insurance Business. “However, after the incident, they have reassessed their approach. Now, they are cutting back their limits—where they once provided $250 million in coverage, they may now…